Coastal Mixed-Use Investment
514 W Balboa Newport Beach, CA 92661
For Sale
$2,995,000
Beachfront mixed-use property with residential and commercial income.
Days on Market95
Property Features for 514 W Balboa
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1964
Listing Agency:
(818) 842-6800
Listed By:
Levon Nargizyan
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 10:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Levon Nargizyan
Investment Insights
Based on property information with market context.
This two-story mixed-use building is located on West Balboa Boulevard, directly across from the beach and boardwalk in Balboa Peninsula. The upper level features two tenant-occupied residential units, providing residential income and flexibility for future owner occupancy or continued rental operations. The ground floor is leased to an established restaurant tenant, delivering commercial cash flow and benefiting from foot traffic. The property is located near the Balboa Pier, Fun Zone, shops, and dining. The mixed-use zoning supports both residential and commercial use. There is potential for a roof terrace and outdoor space. This property offers immediate income from both residential and commercial tenants, while also offering the option for an owner to occupy a residential unit in the future. The location has a walk score of 90, indicating it is a walker's paradise, a bike score of 72, indicating it is very bikeable, and a transit score of 35, indicating some transit options are available.
Key Highlights
- Prime beachfront location directly across from the beach and boardwalk on Balboa Peninsula.
- Mixed‑use zoning provides diversified income from residential and commercial tenants.
- Immediate income from two tenant‑occupied residential units and an established restaurant.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
What type of property is this?
Mixed-use property - Beachfront mixed-use property with residential and commercial income.
Where is this mixed-use property located?
The property is located at 514 W Balboa Newport Beach, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Prime beachfront location directly across from the beach and boardwalk on Balboa Peninsula.; Mixed‑use zoning provides diversified income from residential and commercial tenants.; Immediate income from two tenant‑occupied residential units and an established restaurant.
